Symbol Matches

Symbol Starts With

Company Matches

Surprise! NYC is getting more unaffordable

New York City is getting even more unaffordable.

The average sales price for a Manhattan apartment rose to a new record of $1,728,831 million in the fourth quarter, up from $1,700,581 in the first three months of the year, according to Halstead Property.

Halstead is one of New York City's big real estate brokers, along with Douglas Elliman and Corcoran. All three released reports Tuesday on Manhattan's red-hot property market.

The reports pointed to strong demand for luxury apartments, which helped boost the average sales price. The median sales price, which measures sales at the mid-point, was $980,000, according to Elliman.